Shinhan Financial Group (NYSE:SHG – Get Free Report) released its quarterly earnings results on Tuesday. The bank reported $2.33 earnings per share for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.11), Zacks reports. Shinhan Financial Group had a return on equity of 8.63% and a net margin of 15.69%.
Shinhan Financial Group Stock Performance
NYSE:SHG traded down $0.57 during trading hours on Tuesday, reaching $64.67. 227,275 shares of the stock were exchanged, compared to its average volume of 252,566. The stock has a market capitalization of $30.36 billion, a P/E ratio of 8.69, a P/E/G ratio of 0.47 and a beta of 0.98. The firm has a 50 day simple moving average of $77.41 and a 200-day simple moving average of $68.24. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.45. Shinhan Financial Group has a 52 week low of $50.85 and a 52 week high of $85.57.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on SHG shares. Zacks Research raised shares of Shinhan Financial Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 12th. Weiss Ratings restated a “buy (b)” rating on shares of Shinhan Financial Group in a research note on Friday, August 14th. Finally, Wall Street Zen upgraded Shinhan Financial Group from a “hold” rating to a “buy” rating in a report on Saturday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Strong Buy”.
Read Our Latest Report on Shinhan Financial Group
About Shinhan Financial Group
Shinhan Financial Group Co, Ltd. is a South Korean financial holding company headquartered in Seoul. Established in 2001, the group operates through subsidiaries that provide a broad range of financial products and services to individuals, businesses and institutional customers.
Its principal businesses include commercial and retail banking through Shinhan Bank; credit card and payment services through Shinhan Card; securities brokerage, investment banking and wealth management through Shinhan Securities; and insurance, consumer finance, leasing and asset-management services through other group affiliates.
Shinhan serves customers primarily in South Korea and maintains an international presence across markets in Asia, North America and other regions.
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